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caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast at the moment. the energy bill will did g down a lot and they'll be much more competitive. i think the debt problems will resolve themselves. >> all right. that's the views of some
and then the senate. i would hope senator reed would go through the ordinary process of having the senate pass a bill and let's put it on the floor and pass amendments. i would like to have offsetting spending cuts. we did this last time. president obama agreed to dollar for dollar spending cuts for every dollar the debt cell was raised. it's 22 times we have used the debt ceiling to reinact really substantial reforms. we need those reforms more than ever. the,000 is taking the first step. i hope the senate will do its work and i will push to off-set some of this. >> you don't have a problem with using the debt ceiling as a means to negotiate this. >> i don't. this president won't agree voluntarily to cut a dime of spending and thinks we need more spending, not less. the only time we were able to get him to agree with spending reductions was the last time we were arguing over the debt limit. it's not optimal, not my first choice. i think we have to use whatever tools are available to us. we are on an unsustainable path. the overspending is costing us economic growth and costing us jobs. >> do republi
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